ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary A new COVID-19 variant created a new normal for financial markets. The following stock charts provide snapshots of how the market reacted to this new reality. Pandemic-sensitive stocks reacted sharply with a holiday-shortened trading session creating extra urgency for traders. Some of these quick trigger moves should reverse at least a bit … Read more
Stock Market Commentary News of a new 30-spike protein COVID-19 variant sent financial markets into a tumble. The rapid news flow combined with a shortened, holiday trading day to deliver broad-based and intense selling pressure. As the market absorbs this latest blow, it should become clearer that COVID-19 is a new normal. That is, the … Read more
Stock Market Commentary Waning market breadth weighed on a broad swatch of stocks last week. I was compelled to let go of some of my worst losing stocks. I feature a few of them in this inaugural Stock Chart Reviews series. My pace of trades will likely slow for the rest of the year unless … Read more
Splunk (SPLK) started last week with a gap down and 18.1% plunge in the wake of the resignation of CEO Doug Merritt. I thought the sell-off was an over-reaction given Graham Smith, the Chair of Splunk’s Board of Directors, stepped in to play interim CEO. However, the accompanying preliminary Q3 earnings report gave me pause. … Read more
Stock Market Commentary Technology stocks are now the main stocks climbing the wall of inflation. A notable and stark rotation unfolded this last trading week. A new plunge in market breadth seemingly accompanied selling of almost everything without the big cap tech label. With a topping in market breadth confirmed, I triggered a fall clean-up … Read more